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use the income statement for microsoft corporation to compute the following 1)...

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Question

Finance

use the income statement for microsoft corporation to compute the following

1) tax SHIELD

2) the tax on operating profit

3) NOPAT

MICROSOFT CORPORATION

Income Statements

For the years ended June 30,

(in millions)

2015

Revenue

Product

$75,956

Service

17,624

Total revenue

93,580

Cost of revenue

Product

21,410

Service and other

11,628

Total cost of revenue

33,038

Gross margin

60,542

Research and development

12,046

Sales and marketing

15,713

General and administrative

4,611

Impairment, integration, and restructuring

10,011

Operating income

18,161

Other income (expense), net

346

Income before taxes

18,507

Provision for income taxes

6,314

Net income

$ 12,193

Answer & Explanation Solved by verified expert
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